Council shaves residential tax increase down to 14 cents

Council shaves residential tax increase down to 14 cents

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ORTH PROVIDENCE - Members of the North Providence Town Council last week found $228,000 in cuts to Mayor Charles Lombardi's $89.8 million spending plan for the 2014 fiscal year starting July 1.

The modified budget trims Lombardi's proposed tax increase of 21 cents per thousand dollars of property value down to 14 cents, according to the mayor's office. The residential tax rate will now move from $24.15 to $24.29.

For the owner of a home valued at $180,000, with a 20 percent homestead exemption factored in, the total tax increase will now be about $20.16 for the fiscal year starting July 1, down from $30.24 under Lombardi's original proposal.


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